When a company issues securities for the very first time, it is making a(n):
A. public offering(PO) B. bid offering (BO) C. primary offering (PO) D. initial public offering (IPO)
Which choice is the right answer?
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When a company issues securities for the very first time, it is making an IPO. i.e. Initial Public Offer.
Initial Public Offer is when a co issues shares for the first time in the primary market.
Option D is correct.
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